FXMarketAlerts Team
FXMarketAlerts
Published at 15:03 (GMT) 19 Jan
USD/JPY is pushing higher again, hitting fresh session highs around 117.50 with a view to retesting the Asia peak at 117.65. Plenty of resistance seen ahead of 118.00 higher up, and specs are likely encouraged by poor liquidity in trying to test offers here. In the crosses, EUR/JPY may have avoided a breach of last Oct's 134.11 low, but when looking at the long term charts, if we do break under here, it is looking extremely vertiginous - all the way down to 100.00! Stock markets remain the key for all JPY pairs, and expect more of an impact on equities if/when the Fed pull the trigger, rather than an all-round boost for the USD.
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